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Next Phase Drilling Commences At Pinaya

September 26, 2006

Acero-Martin Exploration Inc. (the “Company”) announces that the next phase of drilling has commenced at its Pinaya gold/copper property located in southern Peru.

Initial objectives are to increase the size of the gold and copper resources in the Western Porphyry Zone (WPZ) and in the Gold Oxide Skarn Zone (GOSZ). Resource modeling has revealed several priority targets that could significantly increase previously announced tonnages. Recent modeling has suggested that the northern portion of the WPZ is actually an extension of the GOSZ. The modeling also shows that both the WPZ and GOSZ are open in all directions. This model is coincident with the Induced Polarization surveys previously completed. The model suggests that the strike length of the GOSZ is approximately 1500 meters.

Current drilling objectives are to extend the strike length and width of both the GOSZ and WPZ. These efforts are expected to significantly increase the initial resource estimate. In addition, Montana de Cobre, Pedro Dos Mille and Minas Jorge will be drill tested to further add to the resource. Assay results will be released as they become available.

On September 21, 2006 the Company announced an initial independent resource estimate for the WPZ and GOSZ zones based on 70 drill holes. Given the current drill density, the resource estimate was divided into inferred and indicated resources, based on varying cut-off grades, as demonstrated in the following table:

 

GOSZ

WPZ

Total

Indicated Copper (M pounds)*

88

182

270

Inferred Copper (M pounds)*

43

72

115

Indicated Gold (ounces)*

187,000

309,000

496,000

Inferred Gold (ounces)*

72,000

98,000

170,000

 

 

 

 

Indicated Gold equivalent (ounces) **

431,000

815,000

1,246,000

Inferred Gold Equivalent (ounces)**

191,000

298,000

489,000

 

 

 

 

Indicated Copper equivalent (M pounds) **

155

293

448

Inferred Copper Equivalent (M pounds)**

69

107

176

*Mineral resource estimates, using a Gross Metal Value cut-off (>$5.50 US/tonne, based on $1.25 US /pound for copper and $450 US/troy oz for gold) **Gold and copper equivalent values are estimated using long-term metal prices, including copper at $1.25 (U.S.) per pound and gold at $450 (U.S.) per ounce. Adjustment factors to account for differences in relative metallurgical recoveries for gold and copper will depend upon the completion of definitive metallurgical testing.

Jeffrey Reeder, P.Geo, is the Qualified Person responsible for the exploration program at Pinaya. The Company also announces that 95% of 3 Million share purchase warrants have been exercised at $0.75 six months prior to their expiry.

About Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc. is an exploration company, which is focused on locating and defining economic precious metals deposits. Currently the Company has two exploration projects: Pinaya in southern Peru and Red Mountain in the Yukon Territories. For additional information please go to http://www.acero-martin.com or http://www.goldmau.com/asd.htm.

“Donald Gee”

Donald Gee, President and Director

For further information contact: Donald Gee, President at (604) 618-3433 or Investor Relations: +1 (800) 884-5269 email: or by email at

 
     
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